CoreWeave shares jump 12% on deal with Anthropic; stock surges 40% in unbeaten five-session rally

Shares of CoreWeave surged 12% on Monday to hit a high of $114.10 on Nasdaq after the cloud infrastructure firm on Friday struck a multi-year agreement with Anthropic to support the development and deployment of Anthropic’s Claude family of AI models.

With today’s gains, CoreWeave shares have extended their winning streak to five sessions in a row, rallying nearly 40% in this period. The stock traded amid high volumes with over 28 million shares changing hands around 11:31 AM ET (9:01 pm India time)

The multi-year agreement will bring compute online starting later this year, CoreWeave’s filing to the exchanges on Friday said.

“CoreWeave joins Anthropic’s growing ecosystem of infrastructure partners helping to scale the adoption of Anthropic’s AI models across developers, startups, and enterprises worldwide. With the addition of Anthropic, nine of the leading ten AI model providers now leverage CoreWeave’s platform, reflecting the growing demand for infrastructure that can support AI at scale,” the company filing said.

Under the agreement, Anthropic will use CoreWeave’s cloud platform to run workloads at production scale, while benefitting from its industry-leading performance and reliability.

CoreWeave’s AI cloud delivers industry-leading performance and efficiency through an end-to-end technology stack optimized for modern AI workloads. CoreWeave consistently sets new standards for performance, demonstrated by an industry-leading MLPerf benchmark for AI workloads and its position as the only AI cloud to earn the top Platinum ranking in both SemiAnalysis ClusterMAX™ 1.0 and 2.0, which evaluate AI cloud performance, efficiency, and reliability.”AI is no longer just about infrastructure, it’s about the platforms that turn models into real-world impact,” said Michael Intrator, Co-founder, CEO, Chairman of CoreWeave. “We’re excited to work with Anthropic at the center of where models are put to work and performance in production shows up. It’s exactly the kind of real-world deployment of AI that CoreWeave was built for,” Intrator said.The collaboration between Anthropic and CoreWeave will initially focus on a phased infrastructure roll-out with the potential to expand over time.

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